Don’t Fight the Fed

Don't Fight the FedIn July and into August, there was a surge in optimism that the rate of inflation had peaked and talk that interest rates might head lower in 2023.  This sparked a rally with the S&P 500 index gaining 9.2% in the month of July 2022. However,...

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Of Beanie Babies and Bitcoin

“Lord, what fools these mortals be!” -Puck, A Midsummer Night’s Dream As a young investment advisor, I got my first taste of what psychologist’s call, very appropriately, Fear Of Missing Out, (FOMO) with the Beanie Babies craze.  In 1995 a new and novel tool, the...

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May Inflation Data

This morning, Friday, June 10, 2022, the U.S. Bureau of Labor Statistics released May inflation data.  The Consumer Price Index showed a re-acceleration in inflation, disappointing investors, consumers, and others that were hoping price increases had peaked.  Prices...

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Lessons We Learned From the Last Recession

By Lee Sherbakoff, CPA/PFS™, CFP®, RICP® From rampant inflation to ongoing supply chain issues and rising interest rates, it’s not a surprise that the majority of Americans fear the possibility of a recession in 2022. (1) But before panic sets in, remember we’ve had...

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Deep and Wide – March Monthly Insight

“To reduce risk, it is necessary to avoid a portfolio whose securities are all highly correlated with each other.” Harry Markowitz – American economist Given the past 3 years of S&P 500 returns (31% in 2019, 18% in 2020, and 29% in 2021), many investors may be...

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Ukraine: More musings on geopolitics and the markets.

“History had no lessons or rules to offer the student, it could only broaden his understanding and strengthen his critical judgments.” - Carl von Clausewitz, On War. After our last report on the market’s response to the Russian attack on the Ukraine, I had a number of...

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Russia – Ukraine Crisis 2022

Dear Friends, This morning’s financial headlines were all about the effects of the Ukraine crisis on the U.S. stock markets. Yes, the markets have been spooked. But should you panic? NO. Consider this:The first U.S. laboratory-confirmed case of COVID-19 in the U.S....

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The good news just keeps coming, but yet….

Job growth is surging despite the deleterious impact of the delta variant of the COVID-19 virus, or for that matter, the supply chain issues brought on by demand skyrocketing.  Americans are going back to work rapidly.  The US Economy is adding nearly half a...

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